High-end London property defies gloom

London’s prime real estate appears to have emerged strongly from the gloom that still envelops other property markets. The city’s prime residential property prices have returned to their pre-recession peak, according to a survey, while demand for prime retail and office space continues to grow, driving up prices.
Those trends are likely to continue as London next year hosts the Olympic Games and the queen’s diamond-jubilee celebrations, events that will require the completion of several major public-construction projects and will attract millions of visitors to the city……………………………………….Full Article: Source